Lowe's Companies, Inc. (NYSE:LOW) – Equities research analysts at Wedbush raised their Q2 2018 EPS estimates for Lowe's Companies in a report issued on Thursday. Wedbush analyst S. Basham now expects that the home improvement retailer will earn $1.60 per share for the quarter, up from their prior forecast of $1.59. Wedbush has a “Hold” rating and a $77.00 price target on the stock. Wedbush also issued estimates for Lowe's Companies’ Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $0.90 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.82 EPS, Q3 2019 earnings at $1.26 EPS and Q4 2019 earnings at $1.03 EPS.
LOW has been the topic of a number of other reports. Oppenheimer Holdings Inc. set a $100.00 price target on Lowe's Companies and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and set a $85.00 target price on shares of Lowe's Companies in a report on Thursday, February 16th. Vetr lowered Lowe's Companies from a “hold” rating to a “sell” rating and set a $83.11 target price on the stock. in a report on Monday, May 8th. Zacks Investment Research raised Lowe's Companies from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, April 18th. Finally, Credit Suisse Group AG set a $83.00 target price on Lowe's Companies and gave the stock a “buy” rating in a report on Thursday, March 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. Lowe's Companies presently has an average rating of “Hold” and an average price target of $85.49.
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Lowe's Companies (NYSE:LOW) opened at 80.91 on Friday. The firm has a market capitalization of $69.02 billion, a PE ratio of 25.37 and a beta of 1.28. The stock’s 50 day moving average is $83.73 and its 200-day moving average is $77.15. Lowe's Companies has a 1-year low of $64.87 and a 1-year high of $86.25. Lowe's Companies also saw some unusual options trading on Thursday. Stock investors bought 49,193 call options on the company. This is an increase of 269% compared to the average volume of 13,315 call options.
Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. Lowe's Companies had a return on equity of 46.46% and a net margin of 3.91%. The company had revenue of $16.86 billion for the quarter, compared to analyst estimates of $16.99 billion. During the same period last year, the company earned $0.87 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year.
Several large investors have recently made changes to their positions in LOW. SRS Capital Advisors Inc. raised its stake in shares of Lowe's Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares in the last quarter. Washington Trust Bank raised its stake in shares of Lowe's Companies by 27.4% in the first quarter. Washington Trust Bank now owns 1,238 shares of the home improvement retailer’s stock valued at $102,000 after buying an additional 266 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Lowe's Companies during the first quarter valued at about $103,000. State of Alaska Department of Revenue purchased a new stake in shares of Lowe's Companies during the first quarter valued at about $109,000. Finally, Hanson McClain Inc. raised its stake in shares of Lowe's Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 74.46% of the company’s stock.
In other news, CFO Marshall A. Croom sold 12,700 shares of Lowe's Companies stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $82.14, for a total transaction of $1,043,178.00. Following the completion of the sale, the chief financial officer now directly owns 53,479 shares in the company, valued at approximately $4,392,765.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew V. Hollifield sold 9,299 shares of Lowe's Companies stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $80.99, for a total value of $753,126.01. Following the sale, the senior vice president now owns 28,691 shares of the company’s stock, valued at $2,323,684.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 520,357 shares of company stock valued at $42,207,226. 0.39% of the stock is owned by corporate insiders.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Stockholders of record on Wednesday, April 26th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, April 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.73%. Lowe's Companies’s dividend payout ratio is 51.28%.
About Lowe's Companies
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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